 | | | | More than 8,000 workers at nearly 80 King Soopers stores went on strike for better wages on Wednesday as negotiations stalled, but the stores stayed open as the Kroger Co-owned Colorado chain hired temporary staff and promoted online ordering. | | | | | | The Biden administration is considering lowering the 2022 ethanol blending mandate below the proposed 15 billion gallons amid backlash from the oil refining lobby and unions arguing the shrinking U.S. ethanol industry can no longer support the target, according to two sources familiar with the administration's thinking. | | | | | | European Commission President Ursula von der Leyen will make a new push at boosting women's representation on companies' boards, trying to unblock legislation for a women's quota which has been stuck since 2012. | | | | | | U.S. stock indexes rose on Wednesday after data showed that while U.S. inflation was at its highest in decades, it largely met economists' expectations, cooling some fears that the Federal Reserve would have to pull back support even more forcibly than already expected. | | | | | | Inflation in the United States is expected to decline in the second quarter of this year, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday. | | | | | | Negotiators for the United Steelworkers union and Marathon Petroleum Corp , which is representing oil refiners and chemical makers, are scheduled to begin talks on Thursday on a new contract for 30,000 workers across the United States. | | | | | | JP Morgan on Wednesday said it expects Organization of Petroleum Exporting Countries' spare capacity to fall through 2022, driving a higher risk premium to oil prices. | | | | | | Microsoft Corp hired a key Apple Inc engineer to design its own chips for its servers, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. | | | | | | St. Louis Federal Reserve Bank President James Bullard on Wednesday upped his view of how fast the U.S. central bank should tighten monetary policy, saying he now believes four interest rate hikes may be in the cards this year. | | | | | | A surge in options trading by individual investors helped lift market volumes to record highs in 2021, but it also made trading the derivatives more difficult for many institutional investors, according to a Coalition Greenwich study released on Wednesday. | | | | | |
